Gentex Co. (NASDAQ:GNTX) Shares Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC grew its stake in Gentex Co. (NASDAQ:GNTX) by 26.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,622 shares of the auto parts company’s stock after purchasing an additional 1,804 shares during the period. Outlook Wealth Advisors LLC’s holdings in Gentex were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management acquired a new stake in Gentex during the fourth quarter worth about $29,000. National Bank of Canada FI grew its holdings in shares of Gentex by 159.1% during the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 571 shares during the period. VisionPoint Advisory Group LLC increased its position in shares of Gentex by 123.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 665 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Gentex in the 4th quarter valued at approximately $46,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Gentex by 371.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 2,157 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Insider Transactions at Gentex

In related news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total transaction of $446,040.00. Following the completion of the sale, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Richard O. Schaum sold 6,022 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the sale, the director now owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total transaction of $446,040.00. Following the completion of the transaction, the chief financial officer now owns 44,321 shares in the company, valued at $1,464,365.84. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GNTX. The Goldman Sachs Group increased their target price on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Guggenheim raised their price target on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. B. Riley upped their price objective on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lifted their target price on Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Gentex has a consensus rating of “Moderate Buy” and an average price target of $37.83.

Gentex Price Performance

Shares of NASDAQ GNTX traded up $0.06 during midday trading on Friday, hitting $34.71. 2,150,577 shares of the company’s stock were exchanged, compared to its average volume of 1,224,465. The firm’s fifty day simple moving average is $35.67 and its 200-day simple moving average is $33.09. The company has a market cap of $8.03 billion, a PE ratio of 18.86, a P/E/G ratio of 0.73 and a beta of 0.99. Gentex Co. has a twelve month low of $25.85 and a twelve month high of $37.58.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $590.23 million for the quarter, compared to analyst estimates of $600.38 million. Gentex had a net margin of 18.63% and a return on equity of 19.25%. Gentex’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Equities analysts anticipate that Gentex Co. will post 2.17 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, April 4th. Gentex’s dividend payout ratio (DPR) is 26.09%.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.